Australian Prime Minister John Howard on Monday opened Australia’s largest investment in Viet Nam, the US$101 million BlueScope Steel factory in the southern province of Ba Ria-Vung Tau.
|PM John Howard (2nd, R) in full protective wear tours the newly built factory on Monday (Photo: AFP)|
He and his lady attended the opening ceremony at the Phu My 1 Industrial Zone, together with the presence of Vietnamese Industry Minister Hoang Trung Hai and provincial officials.
Mr. Howard, who was in Viet Nam for the 14th APEC Economic Leaders Meeting in Ha Noi on Saturday and Sunday, said the biggest Australian investment was evidence of increasing economic cooperation between Viet Nam and Australia. The facility will support the two countries’ bilateral trade target of US$5 billion in the 2005-2006 period, he added.
Minister Hai said BlueScope Steel has made substantial contributions to the development of the Vietnamese steel industry.
The plant is designed to manufacture 175,000 tons of plated steel per year.
In the afternoon, the Australian PM paid a courtesy visit to Ho Chi Minh City chairman Le Hoang Quan.